Career
As a player, Vargas started his career at Estudiantes, before having spells at Temperley, Gimnasia and in Colombia. Vargas alo started his managerial career at Estudiantes, before moving to Honduras to take charge of Universidad in 1997. He then managed Vida, Universidad again, Platense and from 2007 Hispano.
He returned at Platense in May 2009.
In January 2012 he was appointed manager of Victoria, where he stayed until 4 December 2013 when he was appointed manager of Communicative Disorders